Voluntary Arrangements And Guarantors

Release of Guarantors Unfair To Creditors in Voluntary Arrangement
Prudential Assurance Co Ltd v PRG Powerhouse Ltd and others; Luctor Ltd v
PRG Powerhouse Ltd and others [2007] EWHC 1002 (Ch)
ChD
1 May 2007
Weekly Law Notes Summary
A company voluntary arrangement which contained terms releasing guarantees given by the defendant’s parent company to the claimant creditors, unfairly prejudiced the claimants within the meaning of s 6(1)(a) of the Insolvency Act 1986.